LMR Partners LLP grew its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,980 shares of the restaurant operator’s stock after acquiring an additional 10,070 shares during the quarter. LMR Partners LLP owned 0.33% of Dave & Buster’s Entertainment worth $4,964,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds also recently modified their holdings of PLAY. Lazard Asset Management LLC bought a new position in Dave & Buster’s Entertainment in the first quarter valued at approximately $32,000. First Personal Financial Services bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $33,000. Focused Wealth Management Inc grew its stake in Dave & Buster’s Entertainment by 57.1% in the second quarter. Focused Wealth Management Inc now owns 2,200 shares of the restaurant operator’s stock valued at $72,000 after purchasing an additional 800 shares in the last quarter. Captrust Financial Advisors grew its stake in Dave & Buster’s Entertainment by 221.8% in the first quarter. Captrust Financial Advisors now owns 2,301 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 1,586 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $101,000. 99.21% of the stock is owned by institutional investors.
Dave & Buster’s Entertainment Stock Performance
PLAY opened at $40.85 on Friday. The business has a fifty day simple moving average of $40.15 and a 200 day simple moving average of $38.49. The company has a market capitalization of $1.97 billion, a PE ratio of 16.43 and a beta of 1.93. Dave & Buster’s Entertainment Inc has a 1 year low of $29.60 and a 1 year high of $52.54. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.58 and a quick ratio of 0.46.
Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last released its quarterly earnings results on Tuesday, December 6th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $481.21 million during the quarter, compared to the consensus estimate of $470.78 million. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net margin of 7.09%. The firm’s quarterly revenue was up 51.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Research analysts expect that Dave & Buster’s Entertainment Inc will post 2.72 EPS for the current year.
Insider Buying and Selling at Dave & Buster’s Entertainment
In related news, CFO Michael Quartieri acquired 4,025 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was purchased at an average cost of $35.07 per share, with a total value of $141,156.75. Following the acquisition, the chief financial officer now directly owns 45,210 shares of the company’s stock, valued at $1,585,514.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Michael Quartieri acquired 4,025 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was purchased at an average cost of $35.07 per share, with a total value of $141,156.75. Following the acquisition, the chief financial officer now directly owns 45,210 shares of the company’s stock, valued at $1,585,514.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Ashley Zickefoose acquired 3,000 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was bought at an average cost of $34.49 per share, with a total value of $103,470.00. Following the completion of the acquisition, the chief marketing officer now directly owns 19,421 shares in the company, valued at $669,830.29. The disclosure for this purchase can be found here. Insiders purchased 1,021,450 shares of company stock valued at $35,037,776 in the last three months. Corporate insiders own 3.21% of the company’s stock.
Wall Street Analysts Forecast Growth
PLAY has been the subject of a number of analyst reports. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 8th. Finally, StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.
Dave & Buster’s Entertainment Profile
Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.
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